Prestige Estates Buys 66.93% of Bharatnagar Buildcon for ₹938.75 Crore

On December 10, 2025, Prestige Estates Projects Ltd. closed a deal worth ₹938.75 crore to acquire a large partnership stake in Bharatnagar Buildcon LLP. The investment was made through its subsidiaries and gives Prestige 66.93% indirect ownership in the LLP.

After the transaction, Prestige Estates now indirectly owns 66.93% partnership interest in Bharatnagar Buildcon LLP. Prestige now owns most of it, and that usually means it has stronger control over decisions.

This ownership is split between the two subsidiaries. Prestige Falcon Realty Private Limited holds the bigger portion at 63.12% partnership interest. Prestige Projects Private Limited holds 3.81% partnership interest. When you add these two shares (63.12% + 3.81%), you get 66.93%, which is the total indirect ownership Prestige Estates has gained in the LLP.

Bharatnagar Buildcon LLP is not a brand-new company. It was incorporated in 2011 and works in real estate development and construction. So, it operates in the same kind of business that Prestige Estates already knows well.

• The company said the acquisition is not a related-party transaction. This is a formal way of saying the deal is not being done only because of close relationships or family connections.
• The company also mentioned that the promoter group’s interest is limited to their shareholding in Prestige Estates and its subsidiaries.

These points matter because they help investors understand that the deal is presented as a business decision.

Bharatnagar Buildcon LLP’s turnover is low. It was ₹13.35 lakh in FY 2022–23, ₹19.40 lakh in FY 2023–24, and ₹3.47 lakh in FY 2024–25. For the year ended March 31, 2025, it is also shown as ₹3,47,272, which is the same as ₹3.47 lakh.

Because these sales numbers are low, this deal is likely not about what it earns today. It is more about what the LLP controls, like land, development rights, or projects that can bring bigger value in the future. When the stock market heard this news, Prestige Estates shares went up. The stock rose over 2% during the day. It reached an intraday high of ₹1,652.9 per share. Later, the price came down slightly but still traded around ₹1,646.9, which was about 1.7% higher as of 10:25 AM. During the same time, the Nifty 50 index was up about 0.20%. This shows the stock’s rise was mainly connected to Prestige’s news rather than the whole market moving up strongly.

Even with the day’s rise, the stock has shown weaker performance in recent periods. The stock is down around 2% so far this month. Also, it was reported to be trading at less than one times the average 30-day trading volume. In easy words, fewer shares were being traded compared to normal daily activity. On a year-to-date basis, the stock is down around 2.7%, while the Nifty 50 is up around 9% in the same period. That means the stock has underperformed the broader market this year.

These return numbers show that the stock has been shaky in the short term (like 1 month and 1 year), but it has been very strong over a long time (5 years). A +507.48% return over 5 years is a big jump.

Along with the acquisition update, Prestige Estates also shared strong business results for the September quarter (Q2). The company’s Q2 numbers improved sharply. Consolidated net profit jumped 95% to ₹457.4 crore. Total income also increased to ₹2,697.8 crore, up from ₹2,423.8 crore in the same quarter last year. Put simply, Prestige brought in more money and kept more of it as profit than it did a year ago.

The company’s Chairman and Managing Director, Irfan Razack, also said the company has achieved steady financial and operational performance and mentioned a healthy launch pipeline ahead, meaning more projects are planned.

Prestige Group Upcoming Apartment Project is Prestige Golden Grove.